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Difference between project life cycle product life cycle?

Product lifecycle that is usually industry specific. while the project lifecycle is sequence of process idintified by industry or organization. FYI, The project MANAGEMENT life cycle is made up of the 44 unique processes grouped by the 5 process groups - initiate, plan, execute, monitor and control and close out.


Determining how tasks are to be grouped is part of which management function?

organizing


How can tasks be grouped together in MS Project to better organize and manage project activities?

In MS Project, tasks can be grouped together using the "Summary Task" feature. This allows related tasks to be organized under a main task, making it easier to manage and track project activities.


What is the difference between functional approach and silo approach?

The Functional approach is vertical in nature, with operations grouped as a functional unit. Typical of a departmental grouping. The Process approach is horizontal in nature and each operation cuts across different functions. Typical of Team leaders managing a particular customer item.


Describe how project portfolio management is used by IT departments?

What is Portfolio Management?Portfolio management is the centralized management of one or more portfolios, and it includes identifying, prioritizing, authorizing, managing, and controlling projects, programs, and other related work in order to obtain specific strategic business objectives of the organization. Just as a program is managed by a program manager, a portfolio is managed by a portfolio manager.To understand the relationship between these 3 entities, projects, programs and portfolios we need to understand that:• If an organization does not have any programs but has only individual projects, all these projects can be grouped into one or more portfolios.• If an organization has programs and no individual project external to all programs, all these programs can be grouped into one or more portfolios.• If an organization has some programs and some individual projects, all these programs and projects can be grouped into one or more portfolios.Portfolio management focuses on making sure that programs and projects are prioritized for resources to serve the organization's strategy. In simpler terms, a portfolio manager worries about the success of the whole strategy put forth by the organization rather than the success of a single project (like what we do)Therefore, investment decisions are usually made at the portfolio level. Program management focuses on achieving the benefits that would be aligned with the portfolio and hence with the strategic objectives of the organization. So, a portfolio is part of the interface between the programs and strategic business objectives of the organization for which the programs are run.

Related Questions

Organisms can now be grouped into categories that represent lines of?

phylogeny.


What is signal that consists of electrical pulses that represent bits grouped into bytes?

digital


Calculation of the arithmetic mean for grouped data which value is used to represent all the values in a particular class?

The class midpoint


Difference between project life cycle product life cycle?

Product lifecycle that is usually industry specific. while the project lifecycle is sequence of process idintified by industry or organization. FYI, The project MANAGEMENT life cycle is made up of the 44 unique processes grouped by the 5 process groups - initiate, plan, execute, monitor and control and close out.


Is this a true statement An analog signal consists of individual electrical pulses that represent bits grouped together into bytes?

no. The answer is digital signal.


In the calculation of the arithmetic mean for grouped data which value is used to represent all the values in a particular class?

It is usually the midpoint of the class.


What is the name given grouped laboratory work that represent those test commonly done together?

It is usually called a panel or series.


What are codes called when procedures are grouped together?

Codes called when procedures are grouped together are known as composite codes or bundled codes. These codes represent a combination of related procedures that are typically performed together as part of a single service or treatment.


Can a grouped of data be grouped?

Not sure what a "grouped of data" means!


A graph used by scientists that shows stars grouped by size is called the?

Hertzsprung-Russell diagram. This diagram plots a star's luminosity against its temperature (or color), allowing scientists to classify stars by size, brightness, and lifecycle stage.


Pesticides can be grouped according to what?

pesticides can be grouped according to


How are farm animals grouped?

They are grouped by species. Then by intellegence